What are the responsibilities and job description for the Retirement Plan Payment Specialist position at Transition Finance Strategies LLC?

Job Description

Description :

Are you looking to build your career in the financial services industry?

Blue Ridge Associates is looking to find our next Retirement Plan Payment Specialist to join our growing team in Maple Grove, MN!

About Blue Ridge Associates

Blue Ridge Associates is a professional services firm that provides retirement plan administration services for companies that sponsor 401(k) Plans and Employee Stock Ownership (ESOPs) plans. Our offices are located in Maple Grove, MN, Charlottesville, VA, Columbia, MD, Columbus, OH, Westchester, IL, and Pasadena, CA, although our client base is nationwide. We continue to grow our retirement services business (401(k), DB, CB, etc.) and are one of the top two companies that provide ESOP recordkeeping and administration services in the country.

Retirement Plan Payment Specialist Responsibilities :

Customer Service

Respond to questions from clients and referral sources in a timely manner
Be an advocate for Blue Ridge Associates in all interactions

Transaction Administration

Accurately interpret plan documents to determine eligibility for participant transactions (e.g. loans, distributions, QDROs, etc.)

Intake, review, process, and complete transactions in a timely manner

Enter distribution information on required tracking lists and software (e.g. 1099-R, internal checklists, etc.)

Calculate, prepare paperwork for, and process Required Minimum Distributions

Plan Administration

Coordinate with other service providers (e.g. financial advisor, investment company, CPA, payroll, actuary, etc.)

Continually develop and increase knowledge of retirement plan rules and regulations (attend webcasts, department meetings, pursue credentials, continuing education, etc.)

Review team member’s distributions for accuracy

Send required notices and distribution packages

Process mandatory distributions

Set up automatic rollovers for eligible participants

Assist with requests from other members of the Blue Ridge Associates team

Company Development

Identify opportunities for improvements to our company

Participate in working groups to enhance the organization’s work product and internal processes

Maintain the company’s tools and resources (e.g. company intranet, databases, etc.)

Contribute to changes that positively impact the organization

Perform other tasks and projects assigned

Requirements :

Retirement Plan Payment Specialist Requirements :

3 years of customer service experience

Bachelor's degree preferred (ideally with a concentration in Accounting, Finance, Math, Economics, or Statistics)

Provide quick and timely customer service

Comprehend and explain complex information to others

Aptitude in accounting and math

Must be able to quickly address, research, and solve problems

Meet deadlines and manage dynamic workloads

Demonstrate enthusiasm for learning and professional development

Maintain excellent organizational skills

Successful completion of a background check

Benefits :

We offer challenging work, a competitive salary, and an outstanding opportunity for career growth for the right candidate. Our comprehensive benefits package includes medical, dental, vision, life, disability, FSA / HSA with company contribution, 401(k) with company match, maternity / paternity benefits, paid time off and education / association dues assistance.

We work hard, but we also have fun. As a Blue Ridge employee, you will be a part of a company that supports charitable activities through fundraising and volunteer work. You'll enjoy working in a collaborative team, with a healthy work-life balance, competitive salary, and annual performance bonuses. In addition, we celebrate our successes, and you'll have opportunities to shine by joining one of our committees : teambuilding, communications, newsletter, picnic and charitable action, or by volunteering for a special project that calls your name.

Don't miss this opportunity to become a part of our dynamic, growing organization!

Equal Opportunity Employer

Must be authorized to work in the US

Must reside within commuting distance to the Maple Grove, MN office

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Retirement Plan Payment Specialist

What are the responsibilities and job description for the Retirement Plan Payment Specialist position at Transition Finance Strategies LLC?

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